The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Saturday, August 22, 2009
Someone sent me an email (how about posting to the blog instead) after I lamented about the problems with technicals lately, saying I should try fundamentals. Which fundamentals would that be? The 81st bank failure of the year last week? Over 9% unemployment? Public opinion polls saying they are still not buying anything? Record foreclosures?
Technicals may be acting funny now but they beat fundamentals hands down, any day of the week. At a very minimum, there is a trend.